BOSTON--(BUSINESS WIRE)--Xceedance, a global leader in consulting, technology, operations support, and data solutions for the insurance sector, has acquired Millennium Information Services, Inc. (MIS), one of the largest property inspection and data analytics companies in the U.S. With the acquisition, the Xceedance Americas team adds nearly 200 team members and a nationwide contractor network of more than 1,300 inspectors, strengthening its underwriting support and analytics capabilities for insurers and MGAs.
The acquisition accelerates the Xceedance expansion in personal lines and provides a solid foundation to offer inspection and data analytics solutions to commercial carriers and MGAs. Millennium conducts more than 1 million residential, commercial, and farm inspections annually and works with 80+ insurance carriers and MGAs. The firm has captured hundreds of millions of data points on specific risk hazards and property conditions that will fuel the next phase of innovation on its MAPS® software platform, which aids in decision-making, workflow management, and data analytics.
“Pairing our deep insurance operational expertise with Millennium’s inspection capabilities and MAPS® platform creates the most powerful, analytics-driven offering in the market. Our combined team in the Americas will now support more than 200 clients. We are excited to share the benefit of more real-time data and analysis to consider property risks with clients,” said Arun Balakrishnan, CEO at Xceedance. “But even more, we’re eager to innovate and accelerate the development of tools and services that will drive improved carrier results as underwriters are empowered to make more informed, better decisions.”
“At Millennium, we’re focused on changing both the way property inspections are done and the value garnered by our clients of the data gathered by leveraging technology, as well as developing new ways to use historical and predictive inspection information for better risk management. Joining the Xceedance team takes everything to a new level immediately,” said Scott Dismeier, President of Millennium Information Services. “We’re thrilled to be part of a company that delivers innovation and excellent customer service.”
“Carriers are facing daunting challenges as property risks evolve, and we see the results in market volatility in recent years. Our team has a tremendous opportunity to help clients see portfolio trends more clearly and empower underwriters to take decisive action at the risk level. It’s great to welcome the Millennium team to Xceedance,” said Peter Flynn, Head of Personal Lines at Xceedance.
About Millennium Information Services
Since 1991, Millennium Information Services has been a pioneer in bringing P&C insurers new and innovative ways to collect, manage, and mine an extensive range of inspection data. With nearly 15 million residential, commercial, and farmstead inspections in all 50 states, Millennium offers advanced inspections, sophisticated technology, and deep-dive analytics. The company provides insurers with data analytics that enable them to identify and take action on individual risks and aggregate trends, and make informed underwriting decisions. For more information, visit www.millinfo.com
About Xceedance
Xceedance delivers insurance-focused consulting, technology, operations support, and data solutions to many of the world’s largest P&C insurance organizations. With 3500+ team members across the Americas, EMEA, and APAC, our rightshoring delivery model blends deep insurance domain knowledge with AI and next-generation technologies to provide localized services and digital-first platforms. We empower 150+ diverse clients, including commercial, personal, and specialty lines re/insurers, mutuals, program administrators, brokers and agents, and Lloyd’s of London entities, to navigate market challenges and propel business growth. For more information, visit www.xceedance.com.
